The Russian economy is gradually going down the tunnel with signs of strains over the past two years. This can be attributed to the invasion of Ukraine in February 2022.
According to a report obtained from Daily Express by the Inkline Times through the Russian media outlet “Current Time”, prices of domestic goods have been on the rise same with a rise in theft-related crimes.
Since the beginning of the war, the Russian economy has focused more on the war , investing more in production of missiles, tanks and military uniforms rather than economic growth which has led to an astronomical increase in the prices of goods such as potatoes, milk and butter.
In addition, interest rates have gone up to 21% alongside inflation which on a very high level.
Russia has continue to invest more on the war with Ukraine with human and material resources while the end seems not in sight anytime soon.
Credit: Daily Post
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